shinzo abe wanted to boost spending on social security and the defense and public works. but try to contain the debt. japanese equities arising the ears.mong 24 developed what one next year bring? good morning. of japanpan -- head equity and jpmorgan stuff you are the last optimist. it seems you are in good company. look, i am still a very bullish on japan. japan and did well in 2013, but 2014 is going to be very, very good. topix topics rising to -- rising to 1800 by this time next year. one thing drive and it is earnings, earnings, earnings. you see visibility of profits and earnings surge in japan and that is where you want to be. >> earnings growth -- is it really all it down on the export side particularly because would've seen yen continues to that, changep of in the japanese corporate culture? >> this is the key point. obviously, they yen -- the depreciation helps. much importantly as a fundamental change in the corporate japan. what really happens here is the disaster of fukushima was a trigger point. restructuring happened. corporate japan lowered their breakeven